MGIC Investment Corp (NYSE: MTG) director updates RSU grant after admin error
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
MGIC Investment Corp director amends prior insider filing to correct a restricted stock unit grant. The director reports acquiring 5,075.188 RSUs on February 4, 2026 under MGIC’s Omnibus Incentive Plan, with no cash paid for the award, and now directly holds 35,030.0511 shares of common stock.
The filing explains that the originally reported RSU amount was overstated by 1.909 units due to an administrative error, and this amendment updates the figure. The RSUs are scheduled to settle in stock ten business days after February 1, 2027, unless the director previously elected a later distribution date.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Hartzell Jay C.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 5,075.188 | $0.00 | -- |
| holding | Share Units | -- | -- | -- |
Holdings After Transaction:
Common Stock — 35,030.051 shares (Direct);
Share Units — 19,526.794 shares (Direct)
Footnotes (1)
- These Restricted Stock Units (RSUs) will be settled in stock ten business days after February 1, 2027, unless a qualified election for a later distribution was made by the reporting person. Due to administrative error, the number of share units reported as acquired on February 4, 2026 was overstated by 1.909 shares. This amended Form 4 is being filed to correct the previously reported number. These RSUs were awarded to the reporting person pursuant to the Issuer's Omnibus Incentive Plan and no price was paid by the reporting person for them. The reporting person participates in the MGIC Investment Corporation Deferred Compensation Plan for Non-Employee Directors under which units corresponding to shares of Common Stock of the Issuer ("Share Units") are awarded to the reporting person and/or acquired through compensation deferral. These Share Units do not have a specified dollar-denominated exercise or conversion price. Their value is based, on a one-for-one basis, on the price of the Issuer's common stock on the New York Stock Exchange. These Share Units are settled in cash, on a specified date, unless a qualified election for later distribution is made by the reporting person. These Share Units do not expire on a fixed date. They are settled in cash on a specified date, unless a qualified election for later distribution is made by the reporting person.
FAQ
What insider transaction did MGIC Investment Corp (MTG) disclose in this Form 4/A?
MGIC Investment Corp disclosed that a director acquired 5,075.188 restricted stock units on February 4, 2026. The award was granted under the company’s Omnibus Incentive Plan, with no cash paid by the director for the units received.
Why was this MGIC Investment Corp (MTG) Form 4/A filed as an amendment?
The Form 4/A corrects an administrative error in a prior report that overstated the number of RSUs acquired by 1.909 units. This amendment updates the RSU grant figure to 5,075.188 units for accurate disclosure of the director’s equity compensation.
When will the MGIC (MTG) director’s restricted stock units from this filing be settled?
The restricted stock units are scheduled to be settled in stock ten business days after February 1, 2027. Settlement timing can be later if the director made a qualified election for deferred distribution under the plan’s rules.
Did the MGIC (MTG) director pay a price for the RSUs reported in this filing?
No, the director did not pay any purchase price for these RSUs. The units were awarded as part of compensation under MGIC Investment Corp’s Omnibus Incentive Plan, consistent with typical equity-based grants to non-employee directors.